FASB-IASB

FASB is making progress on a project that will likely reduce the number of notes companies include in their financial statements.

April 25, 2012

The Financial Accounting Standards Board is inching toward a new position on requirements for financial statement disclosures. Eventually, companies may be able to cut back on the redundant, often unnecessary notes that they attach to financial data. Read more...

But in order to move forward, the U.S. would still have to –have a strong voice– in the development of international standards, the chief accountant of the Securities and Exchange Commission says. February 21, 2012